In one of his last political pushes as governor, Gov. Gavin Newsom wants to speed up payouts for wildfire victims. Critics say it helps utilities avoid accountability
Insurance companies operating in California are already massively increasing homeowner premiums regardless of risk. Example: my homeowner and earthquake premiums are both up 60% year-on-year. I live in a low fire-risk area, and the risk of an earthquake hasn’t changed since last year. They’re seeing how far they can push it before the regulators stir themselves from their lethargy and actually do something. And Newsom has consistently shielded big corporations from accountability.
Insurance companies operating in California are already massively increasing homeowner premiums regardless of risk. Example: my homeowner and earthquake premiums are both up 60% year-on-year. I live in a low fire-risk area, and the risk of an earthquake hasn’t changed since last year. They’re seeing how far they can push it before the regulators stir themselves from their lethargy and actually do something. And Newsom has consistently shielded big corporations from accountability.